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Off topic & small talk: Bitcoin Forecast 2019 - Is 100,000 Euros the Next Target?

Topic created on 19th Jul. 2019 | Page: 1 of 3 | Answers: 29 | Views: 8,725
Landeskriminalamt
Visitor

Bitcoin Forecast 2019 - Is 100,000 Euros the Next Target?

19th Jul. 2019, at 11:54 am CEST#1
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Does anyone here have experience with Bitcoin, Ripple, Ethereum or other cryptocurrencies?

My theory is, we will still reach the 40,000 Euro mark by December 2019, and in the summer of 2020 the Bitcoin price will crack the 100,000 Euro mark.
That may sound a bit daring, but the halving is imminent, the US government has accepted Bitcoin and people no longer know where to put their money.

Paper will become worthless, tangible assets will rise immeasurably, and gold and silver will again give a real push forward.

Briefly to back up the facts: https://de.wikipedia.org/wiki/Bitcoin#Kursentwicklung
Look at the right table at Wikipedia, how often the value of the BTC has increased tenfold.

Important example from the CEO of McAfee has even vowed to eat his penis on camera, if the BitCoin is not at 1 million euros by the end of 2020.
(His company employs 7500 people and makes 2 billion USD in revenue)

A new era is upon us


Who is in it? Where do you see the Bitcoin price in 2 years?

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Slothot
Amateur

Bitcoin Forecast 2019 - Is 100,000 Euros the Next Target?

19th Jul. 2019, at 12:00 pm CEST#2
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Yes, be careful. Do not be blinded by forums like the Coinforum or similar. That takes there sect-like features

And keep one thing in mind: No government, no central bank in this world will allow a currency, even anonymous and decentralized, next to its own

Bitcoin is primarily suitable for trading. Which is what is being done in abundance in this unregulated market. Hodlen is the wrong approach in my eyes

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Matthias
Expert

Bitcoin Forecast 2019 - Is 100,000 Euros the Next Target?

19th Jul. 2019, at 01:03 pm CEST#3
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Hello Landeskriminalamt, welcome to our community.
Your contribution is already written a bit lurid, but I find the topic Crypto, especially in relation to the Bitcoin also interesting and have also invested there.

BitCoin at 100,000 euros, yes, I can also imagine, but that still takes 2 years in my opinion, so maybe the end of 2021.

@Slothot: you say Hodlen is the wrong approach, I think it is the right way.
Whenever it goes down, buy more and be happy when it goes up in the long run.
Makes me as a gambler also more fun than ETFs because the price goes up and down, that gives me a kick

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Tropper
Top Member

Bitcoin Forecast 2019 - Is 100,000 Euros the Next Target?

19th Jul. 2019, at 01:11 pm CEST#4
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In which securities account can I buy bitcoins (proportionally)?
I imagine it like an ETF account, only for crypto currencies.

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Slothot
Amateur

Bitcoin Forecast 2019 - Is 100,000 Euros the Next Target?

19th Jul. 2019, at 01:24 pm CEST#5
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Matthias wrote on 07/19/2019 at 13:03: Hello State Criminal Investigation Office, welcome to our community.
Your post is already written a bit lurid, but I find the topic Crypto, especially in relation to the Bitcoin also interesting and have also invested there.

BitCoin at 100,000 euros, yes, I can also imagine, but that still takes 2 years in my opinion, so maybe the end of 2021.

@Slothot: you say Hodlen is the wrong approach, I think it is the right way.
Whenever it goes down, buy more and be happy when it goes up in the long run.
Makes me as a gambler also more fun than ETFs because the price goes up and down, that gives me a kick

Well, there you can argue for a long time and excellent. One will see where the journey goes. You actually describe it yourself. You see it more as a gamble, so speculation instead of investment. Why this cryptocurrency should rise so high, or reach such a high equivalent value in FIAT, no one could explain to me so far. And honestly? Doesn't this extreme volatility contradict the original purpose of Bitcoin?! What is it good for at the moment? Correct, only as a speculative object whose price is manipulated by a few in a market environment that, as I said, is not supervised.
Aaaabut that's my view

I can tell you though that I've been investing in ETF's since 2010 or 11 (not exactly sure anymore) and that has been the best decision financially. Pair of individual stocks too, so I wouldn't underestimate the stock market.

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Matthias
Expert

Bitcoin Forecast 2019 - Is 100,000 Euros the Next Target?

19th Jul. 2019, at 01:45 pm CEST#6
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Tropper wrote on 07/19/2019 at 13:11: In which depot can you buy the bitcoins (proportionally)?
I imagine it like an ETF depot, only for crypto currencies.

For example, you can buy cryptocurrencies at eToro, but not send them, but speculate with them.

There is also the somewhat dangerous option of betting on the price there with leverage 2X.

If you bet 100€ and buy 0.01 BTC with it (as of 19.07.2019), you can earn a whopping 20% if the price increases by 10%.
In the same way, you can also reduce your balance by 40% if the price falls by 20%
So be careful!

You can also invest in cryptocurrencies at Revolut.

If you think long-term, you can buy the real coins at Coinbase and store them on a hardware wallet.

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Landeskriminalamt
Visitor

Bitcoin Forecast 2019 - Is 100,000 Euros the Next Target?

19th Jul. 2019, at 01:51 pm CEST#7
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Slothot wrote on 07/19/2019 at 13:24
Well there one can argue now for a long time and excellently. One will see where the journey goes. You actually describe it yourself. You see it more as a Zock, so speculation instead of investment. Why this cryptocurrency should rise so high, or reach such a high equivalent value in FIAT, no one could explain to me so far. And honestly? Doesn't this extreme volatility contradict the original purpose of Bitcoin?! What is it good for at the moment? Correct, only as a speculative object whose price is manipulated by a few in a market environment that, as I said, is not supervised.
Aaaabut that's my view

I can tell you though that I've been investing in ETF's since 2010 or 11 (not exactly sure anymore) and that has been the best decision financially. Pair of individual stocks too, so I wouldn't underestimate the stock market.

So clearly bitcoin is no longer a currency as it was once thought to be.

It is digital gold. A store of value for the future.
If everyone in the world stored their money in BTC, the exchange rate would be 100,000,000 euros per Bitcoin...

Wait and see, back when the Internet was invented, many just laughed too.
When the cell phone was invented, everyone was afraid of radiation.
Now there are digital stores of value, whoever gets in first may be rich in the future.

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Anonym

Bitcoin Forecast 2019 - Is 100,000 Euros the Next Target?

19th Jul. 2019, at 02:36 pm CEST#8
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I am now not quite firm with the computer when it comes so to the eingemachte I must confess ^^
Where can I invest for example small sums like 500 euros best in so nen coin.... which site is easy for a PC noob like me?

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Anonym

Bitcoin Forecast 2019 - Is 100,000 Euros the Next Target?

19th Jul. 2019, at 03:10 pm CEST#9
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State Criminal Investigation Office wrote on 07/19/2019 1:51 PM

It's digital gold. A store of value for the future.

Both are finite. But that's about it for the similarities. Gold is a chemical element with unique properties and cannot be replaced by another. It will always be used for jewelry and a variety of industrial products. It doesn't require software or long-lasting, secure hardware storage. You can bury it in your backyard and 500 years from now it will still be "functional." How many of these characteristics apply to Bitcoin?

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Liquid
Experienced

Bitcoin Forecast 2019 - Is 100,000 Euros the Next Target?

19th Jul. 2019, at 03:21 pm CEST#10
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Liked this post: Avatar von Katharina2 Katharina2
Plus it's something solid, this whole cryptokacke is but ne bubble that will burst at some point. And then you are not rich but have lost everything invested in one fell swoop

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